All you need is one™
A reliable and long-term manufacturing partner
HANZA is a global knowledge-based manufacturing company that modernizes and streamlines the manufacturing industry. Through supply-chain advisory services and with production facilities grouped into regional manufacturing clusters, we create stable deliveries, increased profitability and an environmentally friendly manufacturing process for our customers.
The company was founded in 2008 and in 2022 had sales exceeding SEK 3.5 billion. The company has six manufacturing clusters: Sweden, Finland, Germany, Baltics, Central Europe and China. Among HANZA’s clients are leading companies such as 3M, ABB, Epiroc, GE, Getinge, John Deere, Saab, Sandvik, Siemens and Tomra.
HANZA is founded
With a vision to modernise and streamline the manufacturing industry, HANZA was founded by Erik Stenfors in August 2008.
HANZA acquires the first factories - Elektromekan in Årjäng, Sweden, and Tarkon in Tartu, Estonia. Both factories will be turned from loss to profit and become state-of-the-art electronics facilities with highly automated circuit board manufacturing and complex assembly.
The next acquisition is Elos Precision, now HANZA Mechanics, which is also located in Årjäng and is now one of the industry's most advanced machining factories.
Beyond the euro crisis
HANZA survives the euro crisis and the HANZA Shared Service Centre is settled to take care of the Swedish companies' accounting and payroll administration.
1 billion in turnover
In 2014, the HANZA Group reaches a turnover of SEK 1 billion for the first time and the share is listed on Nasdaq First North.
Factory clusters are coordinated
A comprehensive and aggressive program is launched to increase the earnings rate in parallel with the continued development of HANZA, including continued coordination with factory clusters. The MIG advisory service is launched for the first time.
Challenge in Estonia
Two sheet metal factories in Estonia merged, resulting in a capacity challenge. In Finland, the relocation of one factory was slowed down.
Becomes one of the largest in the Nordic region
HANZA has a turnover of SEK 1.8 billion (pro forma with Wermech), making it one of the largest manufacturers in the Nordic region.
A successful year
One of Northern Europe's largest machine parks for sheet metal processing, Wermlands Mechanics in Töcksförs, Sweden, is acquired. New important customers are added, and the year is successful.
2 billion in turnover
Turnover reaches SEK 2 billion and the share is listed on Nasdaq's main list in the small cap segment. In Finland, the next step is taken with the acquisition of a high-tech company in the field of machining. HANZA establishes itself in Germany through the acquisition of Ritter Elektronik. In China, operations are focused on Suzhou.
The pandemic puts a notch in the growth curve
The corona pandemic and lockdowns mean that some of HANZA's largest customers are suffering significant sales declines. An action program was immediately launched, with electronics volumes being consolidated in Sweden and mechanics volumes in Estonia. Overall, the year will be a notch in the growth curve.
New acquisition in Finland
The mechanical engineering company Levyprofiili with high expertise in welding and painting is acquired and the production facility in Joensuu is expanded by 100 employees. Helmut Beyers GmbH, an electronics manufacturer in Mönchengladbach, Germany, is acquired. The pandemic continues to have an impact, and now the entire manufacturing industry is facing challenges with component and material shortages as demand increases again.
3.5 billion in turnover
Turnover now exceeds SEK 3.5 billion. New financial targets are set, and an ambitious sustainability agenda is presented. Over SEK 100 million is invested in machinery, factories, and employees. The new production facility next to the existing sheet metal factory in Tartu, Estonia, is completed and inaugurated. In Germany, Budelmann Elektronik GmbH in Münster is acquired.
Our values are not just empty words – they are the very core of HANZA. Our entire organization was involved in the project to develop the values, and they are thus of great importance to each of our employees.
We focus on our main priorities and follow our strategy. We fulfill our undertakings and keep our promises.
Our communication is straightforward and proactive, and we involve everyone. With keywords such as openness and transparency, the message is always in focus.
We all work towards the same goal and attach great importance to listening to each other and sharing information. Loyalty, respect and trust are vital components of our team.
We are rational and efficient in our processes and improve them continuously when needed. We know what creates value for our customers and we find solutions that are sustainable over time.
At HANZA it’s better to make a mistake than to do nothing. We let people make their own decisions even if the result can sometimes vary. As long as we learn something and correct our mistakes, it’s how we improve.
Our code of conduct, together with our values, forms the basis for our actions in all situations. It places demands on our employees, board and management as well as our choice of suppliers and partners. The code is clearly communicated and is included in the introductory training for all new employees.
Visions and goals
HANZA is not growing to get bigger – but to get better! We strive to be a complete, value-adding partner for our customers.
We will achieve our goals through:
We offer qualified business advice, which enables increased growth and profitability for our customers.
We provide a wide range of manufacturing technologies in selected geographically strategic locations.
We work for a broad and well-balanced customer portfolio to reduce business risk and provide cost benefits for both HANZA and the company’s customers.
Through strategic acquisitions, we complement geography, technology or customer portfolio.
Sales of at least SEK 5 billion and an operating margin of at least 8% by 2025. The equity/assets ratio must be at least 30%, and net interest-bearing debt/adjusted EBITDA must not exceed 2.5. Dividend of approximately 30% of the profit after tax, taking into account the financial position of the company.
Sustainability is an integral part of HANZA’s business model and strategy, and is considered in all strategic decisions. Sustainability work is structured with clear objectives, metrics and activities, which contributes to HANZA’s long-term business and a positive societal development. As a global manufacturing company, we strive to maximize quality and safety, optimize the business process and minimize energy consumption and environmental emissions. Through our advisory role, it is possible to interact with customers where manufacturing solutions are tailored – with long-term focus. The result is manufacturing that is strategically designed from an economic, environmental and social sustainability perspective.
Control and follow-up take place in three main areas
- Contribution to global environmental work
- Long-term and lasting relationships
- Employees and local communities